First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) Sees Significant Increase in Short Interest

First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 27,551 shares, a growth of 125.5% from the May 14th total of 12,217 shares. Based on an average daily volume of 63,655 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On First Trust Dorsey Wright International Focus 5 ETF

A number of large investors have recently added to or reduced their stakes in IFV. NewEdge Advisors LLC raised its position in First Trust Dorsey Wright International Focus 5 ETF by 19.4% in the 2nd quarter. NewEdge Advisors LLC now owns 121,812 shares of the company’s stock worth $2,792,000 after purchasing an additional 19,824 shares during the period. Jane Street Group LLC bought a new stake in First Trust Dorsey Wright International Focus 5 ETF in the 2nd quarter worth $2,128,000. Bank of America Corp DE increased its position in shares of First Trust Dorsey Wright International Focus 5 ETF by 24.9% in the second quarter. Bank of America Corp DE now owns 216,181 shares of the company’s stock valued at $4,955,000 after acquiring an additional 43,127 shares during the period. Osaic Holdings Inc. increased its position in shares of First Trust Dorsey Wright International Focus 5 ETF by 5.7% in the second quarter. Osaic Holdings Inc. now owns 28,854 shares of the company’s stock valued at $661,000 after acquiring an additional 1,564 shares during the period. Finally, Ameritas Advisory Services LLC increased its position in shares of First Trust Dorsey Wright International Focus 5 ETF by 16.2% in the third quarter. Ameritas Advisory Services LLC now owns 6,326 shares of the company’s stock valued at $155,000 after acquiring an additional 880 shares during the period.

First Trust Dorsey Wright International Focus 5 ETF Trading Up 0.7%

Shares of First Trust Dorsey Wright International Focus 5 ETF stock traded up $0.18 on Friday, hitting $27.70. 35,072 shares of the company traded hands, compared to its average volume of 57,617. The firm’s 50-day simple moving average is $27.39 and its 200 day simple moving average is $26.31. The company has a market cap of $247.92 million, a P/E ratio of 13.24 and a beta of 0.74. First Trust Dorsey Wright International Focus 5 ETF has a 12-month low of $21.98 and a 12-month high of $28.52.

First Trust Dorsey Wright International Focus 5 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a $0.0087 dividend. This represents a $0.03 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Thursday, March 26th.

First Trust Dorsey Wright International Focus 5 ETF Company Profile

The First Trust Dorsey Wright International Focus 5 ETF (IFV) is an exchange-traded fund that mostly invests in total market equity. The fund is an ETF-of-ETFs that tracks a momentum-driven, country\u002Fregion rotation index of international equities. The index is equal-weighted. IFV was launched on Jul 22, 2014 and is managed by First Trust.